Guideline Value for THIRUMANAGAIALWAR STREET (WARD -5)

Thirumanagaialwar Street (Ward -5) guideline value

The current guideline value of Thirumanagaialwar Street (Ward -5) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Sattamangalam village and falls under the Chengleput Joint II SRO, classified as Residential Special Type - V.

How the guideline value of Thirumanagaialwar Street (Ward -5) has changed

The guideline value for Thirumanagaialwar Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in 2017. Following this, the value increased to Rs 1,200 per sq.ft in 2023, and currently stands at Rs 1,320 per sq.ft as of the 2024 revision, marking a 10% increase from the previous year. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, it increased by 49%. Overall, from 2012 to 2024, the guideline value has seen a 10% increase, reflecting fluctuations in the property market over the years.

Guideline values in Sattamangalam

Sattamangalam village has a total of 425 streets under the Chengleput Joint II SRO carrying a 2024 guideline value, ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value in the village is Rs 1,100 per sq.ft, placing Thirumanagaialwar Street's 2024 value above this median.

• Thirumoolar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Thirumurugan Nagar (Per): Rs 660 per sq.ft (2024)
• Thirunavukarasar Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Thirupanalwar Street (Ward -18): Rs 1,320 per sq.ft (2024)
• Thirupavai Street (N): Rs 1,320 per sq.ft (2024)
• Thirupozai Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumanagaialwar Street (Ward -5)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees together to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thirumanagaialwar Street (Ward -5)?

The Sub Registrar Office that covers Thirumanagaialwar Street (Ward -5) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Sattamangalam

The guideline value is a crucial factor in the registration of property transactions in Sattamangalam. When a property is bought or sold, the guideline value helps determine the applicable stamp duty and registration fees, which are essential for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Thirumanagaialwar Street (Ward -5)?

The current guideline value of Thirumanagaialwar Street (Ward -5) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and is now Rs 1,320 per sq.ft in 2024.

What is the land classification for Thirumanagaialwar Street?

Thirumanagaialwar Street is classified as Residential Special Type - V under the Chengleput Joint II SRO.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur total fees of Rs 1,18,800.

Where is the Sub Registrar Office located for Thirumanagaialwar Street?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.